What Does it Mean to Live Paycheck to Paycheck?

According to Investopedia: “Paycheck to paycheck is an expression used to describe an individual who would be unable to meet financial obligations if unemployed because his or her salary is predominantly devoted to expenses. Persons subsisting paycheck to paycheck have limited or no savings and are at greater financial risk if suddenly unemployed than individuals who have amassed […]

Looking ahead in 2019

As the 2019 Legislative Session begins, we want to take a look at what is the best way to regulate Consumer Legal Funding. Over the past few years, the states have introduced several pieces of legislation with the aim of regulating Consumer Legal Funding. Rather than simply introduce capricious regulations, legislators should familiarize themselves both […]

Balanced Bridge Funding: The Newest Addition to the ARC Family

The Alliance for Responsible Consumer Legal Funding (“ARC”) is pleased to announce that Balanced Bridge Funding (“Balanced Bridge”) has joined ARC as its newest member. Joseph Genovesi, Chief Executive Officer of Balanced Bridge, said “We are looking forward to joining ARC and the rest of the ARC members. We believe the organization brings a wealth […]

Cookie Cutter Approach?

  In a recent article in Property Casualty 360 titled “Risk-based pricing remains the best option for consumers”, the leading advocate for the Property Causality Insurance industry stated that the best option for consumers is to have their insurance rates based on the probability that they will have an insurance claim, i.e. “Risk-Based Pricing”, and […]

New Addition to the ARC Family

The Alliance for Responsible Consumer Legal Funding (ARC) is pleased to announce that Global Financial Credit, LLC (www.glofin.com) has joined ARC as it newest senior board member. Wensley McKenney, a founding partner of Global Financial Credit, LLC, said “We are pleased to be joining ARC and the rest of their members. We feel that the […]

Why Do Ticket Resellers and Consumer Legal Funders Exist? Because Springsteen Cares and “XYZ Insurance” Doesn’t

I buy a ticket to see Bruce Springsteen for $150 and then resell it for $350. Why am I able to do this? Because the face value of a Springsteen ticket is artificially low. Bruce could set a higher price, but chooses not to. It’s a noble yet futile effort on his part to go […]

Why You Can’t Trust The New York Post’s Recent Reporting Of The Litigation Funding Industry

  Over the last several months, the New York Post has run a number of articles shining a light on the darker side of the litigation funding industry. The Post is right to expose business practices that lack legitimacy but the Post’s reporting is lacking in its own right. Where’s the balance, I ask rhetorically? […]

New York State Senate to Hold Hearing on Consumer Legal Funding Industry

On May 16th, 2018 the New York Senate Standing Committee on Consumer Protection will take up the issue of Consumer Legal Funding or Lawsuit Lending as it is posted in the Committee Calendar. This is an important issue for the consumers of New York in that it could aid in determining how the State of […]

Consumer Legal Funding can help with unexpected funeral expenses

A drunk headed the wrong way on the freeway, collides head-on with a 38-year-old mother of three. The drunk driver survives, but the woman dies instantly. Her grieving husband, faced with raising three kids on his own, must now also worry about paying for his wife’s funeral costs. Since he doesn’t have the more than […]

Let Us Have a Free Market (Except When it Comes to Consumer Legal Funding!)

President Andrew Jackson once said “The duty of government is to leave commerce to its own capital and credit as well as all other branches of business, protecting all in their legal pursuits, granting exclusive privileges to none.”  We agree. What is amazing is that opponents of Consumer Legal Funding are trying to impose rate […]

Country roads, take me home to the place I belong, West Virginia…..

  The US Chamber of Commerce’s Institute for Legal Reform (ILR) recently released a White Paper entitled “West Virginia’s Climb; Lawsuit Climate Progress in the Mountain State and the Path Ahead.” In the paper, the Chamber addresses the issue of Consumer Legal Funding, or “Lawsuit Lending” as they like to call it. The Chamber makes […]

This Thanksgiving

When I sat down to contemplate the real meaning of Thanksgiving, I realized the holiday means so many different things to different people. Personally, and for those who are lucky enough to be healthy and employed, it means that children are home from school, homes are decorated with fall décor and holiday shopping begins. Days […]

The Holiday Season is upon us along with the stress that it brings.

With the Holiday Season upon us and all the pressure that brings with it Americans are under a lot of stress. Now imagine you have been through a terrible accident, due to no fault of your own, and you cannot meet your financial obligations because you are not able to work due to your injuries. […]

Most Americans live paycheck to paycheck that is why they need Consumer Legal Funding.

  According to CNBC 78% of full-time workers said they live paycheck to paycheck, up from 75% last year. In addition 56% of those polled said they were in over their heads with debt and have saved less than $100 per month for emergency’s. The story went on to say that even those making over […]

Georgia Appeals Court Rules Legal Funding Not a Loan

The Georgia Appeals Court ruled on June 27, 2017 that Legal Funding is not a loan under the Georgia Industrial Loan Act (GILA) The Court stated “Unlike loans, the funding agreements do not always require repayment. Any repayment, under the funding agreements, is contingent upon the direction and time frame of the Plaintiffs’ personal injury […]

The Long, Troubled History of Insurance

The concept of insurance has existed for thousands of years, dating back to early societies like the Babylonians, Greeks, and Romans. Modern insurance developed over the last few centuries, and began to reveal some of the pitfalls facing consumers. Those troubles have persisted over the last few decades, as the insurance industry has changed drastically, […]

Advantage of Consumer Legal Funding, your credit doesn’t matter.

A recent report stated that 45 million Americans are living without a credit score. This can make it virtually impossible for those Americans to get the financial assistance they may need when they are a financial bind due to an accident that was not their fault. That is where consumer legal funding comes into place. […]

consumer legal funding

ARC Advisory Council Member Writes LAW 360 Article on the Importance of Free Markets

Jeremy Kidd, a law and economics scholar at Mercer University’s Walter F. George School of Law, recently scribed an article for the legal publication Law 360 discussing how anti-market, pro-business protectionism is threatening American democracy.  In the article, he describes the difference between supporting pro-market ideologies established by free market theorist Adam Smtih and supporting […]

financially fit

Taking It To the Next Level—ARC Launches Financial Literacy Tool to Mark Financial Literacy Month

The Alliance for Responsible Consumer Legal Funding (ARC) is proud to announce the launch of a new website called Financially Fit in honor of National Financial Literacy Month, which is observed in April every year. Financially Fit a user-friendly financial resource site for people who are facing a financial crisis after an accident or injury, […]

consumer legal funding

Rob Johnson’s Biting Response to U.S. Chamber’s Lisa Rickard

The hypocrisy of the U.S. Chamber of Commerce’s stance on regulation can sometimes be hard to stomach. The organization is known for their firm opposition to regulations on businesses, lobbying for de-regulation at every turn, citing harm to the market and the economy. However, they are happy to push to impose regulations on small business […]

Gorsuch consumer legal funding

Supreme Court Nominee Brings National Attention to the Cost of Delay in Judicial System

On day 2 of U.S. Supreme Court nominee Judge Neil Gorsuch’s Senate confirmation hearings, Judge Gorsuch did something important—he laid out the cost of delay in the judicial system on a national stage. The costs are high. Delay puts justice out of reach for many Americans that can’t afford to sustain themselves during extended litigation. […]

The Danger of Using Credit Cards During a Legal Claim

Cycle of debt—three little words that strike fear in the hearts of every financially independent adult. It’s something that we all work hard to avoid. We all want to be Beyoncé when it comes to money.   But with 73% of us living paycheck-to-paycheck, it’s something that is oh so easy slip into. And a […]

consumer legal funding

The Austin Lawyer: Hulk Hogan and Gawker Expose Many to Litigation Finance

In this can’t miss article, Texas attorney Eric Woomer talks about the highlights of a headline-grabbing year for litigation finance and breaks down the differences between litigation finance and consumer legal funding. The big difference? “…the money goes to everyday people to meet basic living expenses, not to fund any litigation or pay legal bills.” […]

consumer legal funding

Big-Time Litigation Funding vs. Consumer Legal Funding—Advisory Council Member Writes on Hulk Hogan, Gawker, and Peter Thiel

Last month, ARC Advisory Council member Jeremy Kidd was published in Law 360 with an article that illuminates the differences between litigation funding—like was recently seen Hulk Hogan’s case against Gawker—and consumer legal funding. The piece talks about the Gawker case’s implications for on journalism and free speech, and also shows why public policy makers need to separate […]

consumer legal funding

Recent Survey Says 75% of Americans Are Worried About Losing Housing

Survey after survey tells us that the vast majority of Americans are living on the financial edge. More than just living paycheck to paycheck, few would be able to survive a $1,000 crisis intact. Now, a new study from the NHP Foundation (NHPF), a nonprofit affordable housing provider, shows that 75% of Americans are worried […]

U.S. Chamber of Commerce Putting Big Business Profits Over People…Again

Everyday people in this country are struggling to make ends meet. They are living paycheck to paycheck, with little or no savings, and many have few places to turn when they face an emergency. No emergency is as tragic or heartbreaking then a death in the family. Many people buy life insurance policies to make […]

consumer legal funding

ARC Advisory Council Spotlight: Charles Atkins, Jr.

Reverend Charles Atkins, Jr. is a community activist, pastor, and chaplain from the New York area with a deep commitment to social justice and community organizing. He serves as a bi-lingual pastor of the French Evangelical Church of New York and a chaplain at the Garden State Youth Correctional Facility in Yardville, New Jersey. Reverend […]

consumer legal funding

The Fight to Stay Afloat

Could you survive 6 months without a paycheck? If so, you are lucky. The vast majority of Americans are living paycheck to paycheck—around 76% by last estimate. Two-thirds of people would struggle to cover $1,000 crisis. And as you can tell from these numbers, it’s not just the poor who are struggling. It’s middle and […]

consumer legal funding

Advisory Council Member Pens Article on New Indiana Law

Victoria Sahani, Assistant Professor of Law at Washington and Lee University School of Law, was recently published in Law 360 with her play-by-play of a new Indiana law regulating consumer legal funding. The regulations, which went into effect July 1, were a result of legislation passed this spring. Sahani, who joined the ARC Advisory Council […]

legal funding

Two States Implement Laws that Lead to Consumer Choice

Landmark consumer protection bills that passed out of Vermont and Indiana this spring are set for implementation on July 1, 2016. These new statutes will create regulatory frameworks for consumer legal funding that provide comprehensive consumer protections crafted specifically for the product, and also preserve consumer access, largely adopting industry best practices. The new statutes […]

consumer legal funding

New Study: Older Americans Working, More Depending on a Paycheck

A new study recently released from PEW Research Center shows that more older Americans are working, and working more than any time since the turn of the century. With families still struggling to get by and recovering from the great recession, more and more people are dependent on a weekly paycheck even as they reach […]

legal funding

ARC Welcomes Zynda Sellers to Council

Today, Zynda Sellers, a lawyer and financial education leader, became the newest member of the Alliance for Responsible Consumer Legal Funding (ARC) Advisory Council. Adding its fourth new member in less than a year, the Council has been growing quickly with accomplished professionals that all bring diverse perspectives to the table. Sellers’ unique expertise in financial […]

Becki Grey legal funding

Meet Our ARC Advisory Council: Becki Gray

ARC is lucky to have a diverse Advisory Council whose members guide policy positions, help inform the public about consumer legal funding, and look out for consumers. Becki Gray is one of the newest members of the Advisory Council and someone you need to know! She’s a public policy thought leader from North Carolina who currently serves […]

legal funding

Legislation From Vermont Sets New Standard

Politicians often talk about the need for good public policy, good lawmaking. But, finding real agreement can be difficult. Well in Vermont, they did it—implementing sweeping consumer protections while maintaining access to consumer funding. How? They did their research, doing an exhaustive study of the issue. They listened to their constituents. They saw the need, […]

Memorial Day Reminds Us That Freedom Isn’t Free

Our Constitution, our representative government, our right to live as free people. Memorial Day reminds us of those who have given their lives for our country—died defending us, and defending the tenants which we live by. Choice is a big part of the American way of life, and maintaining that right has been important from […]

consumer legal funding

New Poll: Two-Thirds of Americans Would Struggle to Cover $1,000 Crisis

The Associated Press-NORC Center for Public Affairs Research just released a new poll concluding that seventy-five percent of people in households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill. For those making $50,000 and $100,000, the difficulty decreased to only 67 percent. For those of […]

legal funding

The Middle Class Needs to be Empowered, Not Shamed

Middle class families are supposed to have achieved some degree of financial stability, but in America, most are still likely to be left with few options when faced with an emergency. According to the recent Atlantic article, The Secret Shame of Middle-Class Americans, half of respondents a recent Fed survey said that to come up […]

Legal Funding

In The Real World, Tort Cases Don’t Break the Bank

It’s time to set the record straight. There’s a major misconception that personal injury cases are some get-rich-quick scheme. The real world truth is that personal injury cases are rarely pursued. When they are, people aren’t using cases to try and hit the jackpot. And there’s undeniable evidence to prove it. A new study by […]

legal funding

The Common Denominator of American Families

America has a reputation of being a melting pot, filled with diverse people. Our country is made up of those differing in race, ethnicity, religion, education, economic opportunity. Yet, there is one thing that most of us all have in common: we aren’t prepared to deal with a financial crisis. Savings or no savings – […]

Legal Funding

80% of Lawsuits Brought Against Consumers by U.S. Chamber Members–Not the Other Way Around

In a recent article by Joanne Doroshow of the Center for Justice and Democracy at New York Law School, Doroshow pointed out a major hypocrisy with the U.S. Chamber of Commerce. Although they say cases against corporate entities are killing business and clogging the court system–the reality is that the Chamber’s corporate members file the […]

Op Ed from Our Executive Director: Judge Alabama Legislation on Results, Not Intent

Steve Jobs used to say there are downsides to everything; unintended consequences to everything. But, in public policy, unintended consequences can be minimized by looking at its potential results—not solely at its intentions. Too often, well-meaning legislation ends up crushing those it was supposed to help. You’ve seen it a thousand times before. And now, […]

legal funding

Consumers Speaking Out: Letter to the Editor Runs in The Tennessean

Check out the Letter to the Editor HERE. Over the Easter weekend, I sat down and watched the video from a Tennessee General Assembly committee meeting from last week where I submitted written testimony. The topic of the hearing was very important to me — something you don’t know about until you need it urgently […]

legal funding

In Tennessee, Consumers Are Shut Out of Choice, Financial Options

From our press release: Games aren’t just being played in Nashville’s Bridgestone Arena—a game of the strong verses the weak is being played just down the street, in the state capitol building. Big Insurance is using its influence and power to prevent consumers access to an important financial tool called legal funding. And in the end, […]

legal funding

Insurance Predators Maintain Stronghold on Tennessee

Unlike the hockey games played in Nashville’s Bridgestone Arena, games played by the insurance industry in Tennessee are not fun to watch. Because what do special interests do when there is something they don’t like? They kill with overregulation. And, they get their friends to help them do it. In the end, consumers are the […]

Prominent Missouri Think Tank Questions Regulation Falsely Pitched as “Consumer Protection”

A prominent think tank out of Missouri, The Show-Me Institute, recently weighed in on legislation making its way through the Missouri legislature that would severely limit access to legal funding through overregulation. John Wright, a policy researcher for Show-Me, wrote that the legislation is  “pitched as consumer protection, or even tort reform, but it falls short on both accounts.” […]

legal funding

IN Gov. Pence Signs Bill Affirming Consumer Legal Funding is the Purchase of an Asset, Not a Loan

From our latest press release: With the stroke of his pen, yesterday Indiana Gov. Mike Pence affirmed that consumer legal funding is the purchase of an asset—not a loan—and that access to the product is essential for the people of Indiana. HB 1127, sponsored by state Rep. Matt Lehman (R-District 79), will make Indiana the […]

legal funding

Trending Across the Nation: Legal Funding is Not a Loan

From our latest press release: Last week, the Indiana legislature passed House Bill 1127, validating that consumer legal funding is not a loan—and shouldn’t be regulated like one. The bill, sponsored by Rep. Matt Lehman, would make Indiana the third UCCC state whose legislature has come to the same conclusion in recent years. “This part […]

Another Court Denies Medieval, “Game of Thrones”-Style Legal Concept

From last week’s Bloomberg BNA article by Peter C. Leung: A U.S. legal dispute over litigation funding provided a glimpse into how English monarchs felt about being sued. (Hint:  they didn’t like it). Earlier this week, a Delaware court denied E. I. DuPont de Nemours & Co.’s bid to dismiss a case on the grounds […]

Kanye West, Get That Money Like Legal Funding

Kanye West—the Chicago-raised hip-hop lyricist, rapper, producer, media-monopolizer, and social media instigator—is now claiming he’s $53 million in debt and has asked Facebook’s Mark Zuckerberg and Google’s Larry Page for a $1 billion investment in his art. Even with his new album, The Life of Pablo, it seems like he’s in pretty deep. And his […]

legal funding

Taylor Swift Gets the Need for Consumer Legal Funding

Adele. Lady Gaga. Ariana Grande. Lorde. These big names in music are just a few in the industry rallying behind Ke$ha in the recent #FreeKesha movement. Taylor Swift has taken it one step further by giving Ke$ha for $250,000 for expenses while she fights to be released from her contract with Sony records. She gets […]

legal funding

ARC Advisory Council Members Sound Off on Misguided Legislation in Alabama

Earlier this month, two of ARC’s Advisory Council members spoke out against legislation in the Alabama state legislature that would eliminate choice for consumers. Professor Victoria Shannon Sahani and Professor Jeremy Kidd, both legal scholars and leading experts on consumer legal funding, wrote letters to the Alabama State Senate’s Committee on the Judiciary urging committee […]

ARC Joins AFP and United for Missouri in Condemning SB785

Today, two of Missouri’s largest conservative organizations came out strong against State Sen. Kurt Schaefer’s bill in the Missouri state legislature that would eliminate consumer choice for the people of the Show Me State. Americans for Prosperity and United for Missouri jointly authored a letter condemning the SB 785 which they say would “[undermine] individual […]

ARC Welcomes New Advisory Council Members

We at ARC are delighted to announce new additions to our ARC Advisory Council: Reverend Charles Atkins, Jr., Professor Terrence Cain, and Becki Gray. These three individuals bring a diverse set of backgrounds in social justice and free market ideals to the council, but all share a passion for advocating on behalf of programs and regulations that […]

Congratulations to Oasis Financial: An A+ BBB Accredited Business

One of ARC’s provider members, Oasis Financial, recently received A+ accreditation from the Better Business Bureau of Chicago and Northern Illinois (BBB) in recognition of its commitment to its customers and customer service practices. Oasis has been providing consumer legal funding for over a decade, and has been a pioneer in the industry. Congratulations to […]

legal funding

Counterpoint: Unintended Consequences Plague Ward’s Well-Intentioned Legislation in Alabama

This week, our Executive Director, Rob Johnson, struck back at Alabama Sen. Cam Ward’s off base op-ed recently published in the Alabama Political Reporter. From Johnson’s response: “As Thomas Edison said, “a good intention, with a bad approach, often leads to a poor result.” This week, Sen. Cam Ward is planning to propose legislation that would […]

legal funding

Where’s the U.S. in the U.S. Chamber of Commerce these days?

Can you put a price on your loyalty to your country? U.S. Chamber of Commerce board member Pfizer apparently can. Sitting upon $144 billion of deferred profits piling up overseas, the pharmaceutical giant has re-characterized its takeover of a smaller Irish rival as a “takeover” by the Irish firm of the much larger Pfizer. The benefit? […]

legal funding

Hoosiers Forward Smart Regulation for Legal Funding

This morning, the Indiana State General Assembly’s Senate Civil Law committee sent a bill to the Senate floor that would bring smart regulation to consumer legal funding providers and strong consumer protections to the people of Indiana. Senate Bill 353, sponsored by Sen. Randall Head, is aligned with our ARC best practices and met with no opposition. […]

The 50 Shades of Legal Funding

If you have ever tried to look up information on legal funding, it’s immediately clear that these types of transactions have been given many different names over the last decade—the 50 Shades names of legal funding. Less sexy than the titillating best-selling book, legal funding is nevertheless an important topic, so here’s an attempt to […]

Lump Sum

Time Value of Money: Why Lump Sum Payments Cost More

We’ve all played the lottery—bought tickets for a chance at winning the $1.5 billion Powerball. If you flick your eyes to the fine print, you see that if you win you can get the money in an annuity over 30 years.  You can elect to receive a lump sum payment now, bu only if you […]

FED Rate Hike Will NOT Affect Legal Funding Consumers

On Wednesday, Federal Reserve Chair Janet Yellen announced that the Federal Reserve would raise interest rates of the first time in almost a decade. Immediately, financial publications like the Wall Street Journal predicted that average Americans will see an immediate impact in higher charges on credit products. People will see their credit card rates, mortgages and […]

Insurance

Insurance Industry Taboo Broken–Are we really that surprised?

This Saturday’s Wall Street Journal reported that life insurance companies are breaking a major “industry taboo” by raising rates on life-insurance policies they sold to consumers years ago. According to the article, insurers have already notified tens of thousands of people they cover to let them know that they plan to exercise a little-used contractual […]

The Big Insurance Equation for Hypocrisy

Antitrust laws were created to protect consumers by promoting market competition. These laws are supposed to regulate anti-competitive conduct so that no company becomes too powerful to impact pricing and the freedom of the market. Very few industries and businesses are exempt from antitrust laws. One big industry that is: insurance. This means that on […]

Accident Funding

10 Seconds Can Change Everything. Case and Point: Michigan Football

Michigan should have had it in the bag. 10 seconds. They had possession of the football and a 2 point lead with 10 seconds left on the clock. Fourth and 2 at midfield. Victory was within their grasp after a hard fought out gridiron battle with Michigan State in one of country’s deepest college football […]

Oasis Financial

Families Avoiding Financial Distress After Injury Through Legal Funding

Hardworking Americans are living on the financial edge. With 76% of households living paycheck-to-paycheck, families are stretching even farther to reach the American Dream. This struggle isn’t limited to those who are truly impoverished. According to a recent Brookings Institution study, nearly two-thirds of households living “hand-to-mouth” are middle-class families that own homes and save […]

Funding

Sometimes the Little Guy Should Get to Win: Go Cubs!

Meet Malcolm. He was born exactly 12 years ago today, on the day that Cubs fans will forever know as the Bartman game. His dad, a dedicated Cubs fan, attended the game and then rushed to the hospital to be by his wife’s side. Malcolm has not grown tall over his 12 short years, but […]

Matthew Lehman

ARC Congratulates Indiana Representative Matthew Lehman

The Alliance for Responsible Consumer Legal Funding (ARC) @ARCLegalFunding would like to congratulate Indiana Representative Matthew Lehman on being elected House Majority Floor Leader of the Indiana House @INHouseGOP. Leader Lehman has expressed in past testimony that legal funding has “been a lifesaver to many.” We look forward to continuing to work with Leader Lehman […]

US Chamber

ARC and the US Chamber Institute for Legal Reform agree on proper regulations for consumer legal funding

The other day the US Chamber of Commerce, Institute for Legal Reform released their paper titled “101 Ways to Improve State Legal Systems”. In the publication the Chamber weighed in on the issue of consumer legal funding or as they like to call it “lawsuit lending”. After putting out some questionable information, they pointed to […]

Alliance for Responsible Consumer Legal Funding Taps Former OK Lawmaker as Executive Director

The Alliance for Responsible Consumer Legal Funding (ARC) today announced former Oklahoma State Senator Rob Johnson as its new Executive Director. Johnson will oversee the day-to-day operations and strategic direction of ARC, a coalition that ensures the proper regulation of the consumer legal funding industry in the United States. “Rob Johnson will be a strong […]

Fiction: The insurance industry claims that Consumer Legal Funding is a predatory practice that takes advantage of people under financial hardships.

Fact: This is the biggest false-claim perpetuated by the insurance industry and others to scare the public about Consumer Legal Funding options. It is a safe alternative to predatory products. Products labelled “predatory” typically include bi-weekly or monthly current payments, have hidden rates and fees and create “debt traps”, as in personal debt obligations that […]

Industry Reaction to Announcement that Tennessee’s Only Locally Based Consumer Legal Funding Company is Shutting Down Home-State Service Due to Harsh Regulations

Provident Litigation Finance, the only Tennessee-based provider of Consumer Legal Funding, announced today it is shutting down its services for Tennessee consumers as harsh state regulations take effect. Provident was started in 1999 by Nashville resident Dan Cleary, who personally ran the business ever since, serving more than 10,000 Tennesseans. Cleary was the largest provider […]

Insurance Watchdog Group “Hall of Shame”

As consumers become more aware of the barriers many insurance companies erect that prevent people from getting fair and timely claims settlements, many consumers are seeking information to help them pick insurance they can rely on. The watchdog group “Fight Bad-faith Insurance Companies” (FBIC) created a list of insurance companies that it determined follow “Bad-Faith” […]

Wreck Victim: Consumer Legal Funding Needs Protection from Alabama Legislature

By Tina Burns of Albertville, who used consumer legal funding after an accident As published in The Birmingham News and on AL.com Imagine having your life change forever in an instant by a distracted driver. Then to have the insurance company drag out your claim so you not are able to take care of your […]

HB160 helps insurers, not consumers

There is a bill making its way through Alabama Senate, HB 160, which will eliminate a vital financial tool for consumers of Alabama. The bill deals with Consumer Legal Funding. Consumer Legal Funding is where a company provides financial assistance to consumers who have a pending legal claim and only is repaid when and if […]

Texas: Consumer Tells Legislative Committee Legal Funding is a “Much Needed Service”

Joe Williams testified today before the Texas House Judiciary & Civil Jurisprudence Committee. He lives in Cypress, Texas. This is the text of what he told legislators. Good afternoon, my name is Joseph Williams. Over here is my wife Laurie Williams and my step-son David Godbold. Our lives changed forever on November 15, 2013. That […]

Consumer Legal Funding has nothing to do with Tort Reform

Tort reform efforts in the U.S. have always focused on issues like outsized awards and unreliable evidence. Now, however, with the backing of the multibillion dollar insurance lobby, the U.S. Chamber of Commerce is using tort reform as a smokescreen to advance an agenda that has nothing to do with justice or the U.S. business climate.

We salute the Indiana Senate for passage of SB 373

In a bipartisan and overwhelming 47-2 vote, the Indiana Senate approved SB 373, a bill championed by Senator Randall Head (R-Logansport) along with co-sponsor Senator Michael Young (R-Indianapolis) and Senator Greg Taylor (D-Indianapolis). SB 373 creates a robust set of consumer protections for Indiana consumers who use consumer legal funding to help make ends meet, […]

Insurance Legislators Take Best Course of Action to Preserve Consumer Access to Legal Funding

NCOIL members reject model legislation that would deny free market choice for consumers seeking legal funding assistance After three and a half years of exhaustive deliberations and vigorous debate, state legislators convening for the 2014 Annual Meeting of the National Conference of Insurance Legislators (NCOIL) in San Francisco determined not to endorse any model legislation […]

Preserving a vital service that Consumers rely upon in #Louisiana.

Working Louisianans spend a majority of their time away from home.  Earning an honest wage to help pay for such daily necessities as food, housing and transportation.  As times are changing and inflation is rising, the dollar has never been stretched so thin. Kirk from Breaux Bridge, Louisiana was a hardworking Louisianan who did his […]

U.S. Chamber sets its Sights on Texas for Anti-Business Regulations in 2015

In a recet article posted in the Waco Tribune,  Jill Shackelford, Chairwoman of the special interest-funded outfit called “ Citizens Against Lawsuit Abuse of Central Texas” authored a misleading column about the consumer legal funding industry. This should be a warning to the thousands of consumers in Texas that the U.S. Chamber of Commere and […]

Warning: Deep-pocketed Special Interests Tip Their Hand in Illinois

In recent weeks, a special interest-funded outfit called “Illinois Lawsuit Abuse Watch” has started placing misleading editorials in Illinois-based newspapers about the consumer legal funding industry. This should be a warning to all Illinois consumers that having been turned back in state legislature after state legislature around the country, the moneyed Washington, DC interests have […]

HB-925 attempts to eliminate consumer legal funding industry from #Louisiana, leaving thousands of consumers in the dust.

As the debate begins on HB-925, an anti-business bill that aims to heavily regulate the consumer legal funding industry, members should consider the impact this bill would have not only on the industry but on the many consumers who rely on this product.  HB-925 is laced with toxic and devastating anti-free-market price controls.  Taking with […]

U.S. Chamber on pace to spend over $100 Million dollars on Lobbying Efforts in 2014

The U.S. Chamber of Commerce spent over $25 million dollars on lobbying efforts in the first quarter of 2014 and is on pace to spend well over $100 million dollars in total by the end of the year.  Of the $25 million dollars spent this quarter, the Institute for Legal Reform spent $6.2 million dollars. […]

Hardworking citizens of Illinois will Lose Access to Vital Financial Product Under U.S. Chamber of Commerce Plan.

Most hard working Americans spend more time at work than they do at home.  The pressures of working and earning a paycheck increase as items such as food, housing and transportation costs are on the rise.  The fight to earn a decent living to help finance daily necessities has never been more important. LaShawn, from […]

U.S. Chamber of Commerce Looking to Eliminate Consumer Legal Funding from Illinois

The U.S. Chamber of Commerce wants nothing more then for the entire consumer legal funding industry to vanish from Illinois.  In the current session at the Illinois State House, the U.S. Chamber of Commerce is attempting to persuade legislators that price control regulations along with other regulations disguised as “consumer-friendly” measures are a must to […]

Consumer Legal Funding in #Louisiana.

For many years now, consumer legal funding has provided vital services to thousands of Louisiana consumers.  Because of consumer legal funding, these consumers in Louisiana finally had an alternative to submitting to big insurance company’s delay tactics and low-ball settlement offers for injury claims.  Citizens like Iris from Baton Rouge, Louisiana and Lashondra from New […]

Would the “Real” U.S. Chamber of Commerce Please Stand Up?

Back in the day the U.S. Chamber of Commerce was a true association for all businesses to join as one voice to advocate for free market principles against overreaching Government types who wanted to regulate businesses to their death.  Now the U.S. Chamber of Commerce is nothing more than a $200 Million a year lobby […]

FACT vs FICTION #ConsumerLegalFunding amount exceeds the settlement or award

The Insurance industry and the U.S. Chamber of Commerce want you to believe that if the consumer legal funding amount exceeds the settlement or award, and other associated expenses, such as legal representation, the plaintiff may then become indebted to the lawsuit lender, never seeing any money from their claim.   The Facts Are: First, […]

Will #Tennessee be the first state to put #ConsumerLegalFunding out of Business in the Country?

My name is Dan Cleary, and I am the owner of Provident Litigation Funding, Inc., a pre-settlement funding company founded in Nashville in 1999 that has operated in Tennessee for almost 14 years. Should HB 1242 be passed into law tomorrow, I will have to close my doors and cease doing business the day the […]

FACT vs FICTION Is Consumer Legal Funding a serious problem?

The Insurance Industry and the U.S. Chamber of Commerce want you to believe that lawsuit lending is a serious problem because it diminishes recoveries for injured consumers, increases litigation costs, and crowds court dockets.   The Facts Are: Consumer Legal Funding allows consumers to receive a fair and proper settlement without having to accept the […]

FACT vs FICTION Consumer Legal Funding is NOT a loan

The Insurance industry and the U.S. Chamber of Commerce want you to believe Lawsuit lenders avoid most state oversight and regulations by categorizing their services as “investments” instead of “loans.” The Facts Are: Consumer Legal Funding is NOT a loan.  A loan has a guarantee of repayment, which a consumer legal funding agreement does not. […]

FACT vs FICTION on Consumer Legal Funding, are consumers being taken advantage of?

The Insurance industry and the U.S. Chamber of Commerce want you to believe that consumers are being taken advantage of by consumer legal funding companies and that more needs to be done to protect the most vulnerable. The Facts Are: The consumer legal funding industry welcomes the idea of common-sense regulations that help protect all […]

A plan in Tennessee that Hurts Working Class Citizens, While Helping Large Insurance Companies

If it were up to big insurance conglomerates like State Farm or D.C. advocacy groups like the U.S. Chamber of Commerce, the business of consumer legal funding would not exist in Tennessee.  In fact, there is legislation pending in the Tennessee legislature that would do just that, shut down the consumer legal funding industry for […]

Consumer legal funding, helping working class Tennesseans when it matters most

It’s no secret in the insurance industry that insurance companies have long relied on delay tactics when it comes to customer settlements over injury claim payments.  These blatant tactics are being used by large insurance companies to manipulate consumers by forcing them to settle for far less than a fair market value for their injury […]

Consumers on the losing end of legislation being proposed in Alabama

Over the past couple decades, insurance companies have increased their aggressive tactics of delaying their own customer’s settlements over injury claim payments.  This tactic is used as a tool for large insurance companies in the hopes a claimant will be forced to settle for far less than a fair market value for their injury claims.  […]

Legislation being considered by Alabama Legislature would eliminate a vital service for thousands of consumers.

Whether you are Reneemka from Bessler, Alabama or Jeremy from Birmingham, Alabama you share a common bond and have been affected by a terrible accident and sought the help of a consumer legal funding company. Consumer legal funding helps thousands of families across Alabama cope with automobile injuries, typically caused at no fault of their […]

It’s up to Indiana Senate to Protect Consumers, Free Markets.

In January, the Indiana House passed House Bill 1205 (HB-1205).  Contained within the bill are a series of anti-free-market and industry killing regulations that would impact the consumer legal funding industry.  Regulations so severe, it would most certainly send the consumer legal funding to its grave in Indiana.    Now as HB-1205 heads to the […]

Let us remember the words of Abraham Lincoln

One of our greatest Presidents was Abraham Lincoln. Lincoln once said “You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”  It would be nice if the US Chamber of Commerce and the Big Insurance companies would […]

Chamber continues to push Insurance industry backed anti-free market policies in Tennessee.

In a recent op-ed published in the Tennessean, the U.S. Chamber of Commerce’s own Thurbert Baker kept the drum beat rolling for large insurance group’s attack on the consumer legal funding industry.  Within the op-ed, Thurbert continued to mask the truth about the consumer legal funding industry and continued to push for anti-free market price […]

U.S. Chamber is consistently inconsistent as they attempt backdoor regulations to eliminate consumer legal funding in Tennessee

Nearly one year ago, the U.S. Chamber of Commerce supported consumer legal funding legislation in Oklahoma that wisely did not include anti-free market price controls.  Instead the bill, which became law, allowed for the free markets to dictate how a consumer legal funding company would price their products and services. Fast forward to today in […]

A Look behind the Numbers reveals holes in NFIB’s claims on Consumer Legal Funding Industry.

At a recent Tennessee Legislative hearing regarding consumer legal funding, the NFIB surprisingly joined the U.S. Chamber of Commerce and large insurance conglomerates spreading myths about the consumer legal funding industry.  At one point in their “presentation” the NFIB claimed that 77% of their members would like to see the consumer legal funding industry “banned” […]

Tennessee Small Business Owners and Insurance Companies Crosshairs under Tennessee Senate Plan

Two weeks ago the Tennessee Senate passed SB-1360, a bill that would implement suffocating price control regulations onto the consumer legal funding industry, hurting both small businesses and consumers in Tennessee.  Dan Cleary, the founder of Provident Litigation Funding, Inc., a small business owner based in Nashville, Tennessee has been helping Tennessean for years by […]

Consumer Legal Funding drives up insurance rates in Tennessee, REALLY???

One of the arguments the Big Insurance industry is making as to why they need to put the Consumer Legal Funding Industry out of business is; “because of its existence it drives up insurance rates.” Let’s take a look at the facts, something they don’t like to do. According to the Tennessee Department of Safety […]

Indiana Consumers Lose, Large Insurance Companies Win as Key House Committee attempts to Regulate Consumer Legal Funding out of Existence

Indiana Consumers Lose, Large Insurance Companies Win as Key House Committee attempts to Regulate Consumer Legal Funding out of Existence                                                                                                                                                 Indianapolis, Indiana — A leading organization representing the consumer legal funding industry today said legislation approved Wednesday by the House Insurance Committee will handcuff the consumer legal funding industry through a series of anti-free-market […]

A Plan in Mississippi Designed to leave Consumers Once Again at the Mercy of Big Insurance Executives?

If it were up to big insurance companies, such as State Farm, and the U.S. Chamber of Commerce, the business of consumer legal funding wouldn’t exist in Mississippi.  When consumer legal funding began providing services in Mississippi, consumers finally had an alternative to cowering to big insurance company’s delay tactics and low-ball settlement offers for […]

Tennessee Senate Misfires on Legislation Aimed at Eliminating the Business of Consumer Legal Funding.

Tennessee Senate Misfires on Legislation Aimed at Eliminating the Business of Consumer Legal Funding.  Yesterday the Tennessee Senate passed SB-1360, a bill that if enacted would implement devastating rate cap or price control measures on the consumer legal funding industry and begin the process of driving the business out of the state for good.  While […]

Justice Brandeis once said “Sunlight is the best disinfectant” – Maybe the U.S. Chamber should pay attention to his words

After remaining silent for years on the subject of consumer legal funding, why is the U.S. Chamber of Commerce, which describes itself as an organization devoted to free enterprise, aggressively using all of its might to regulate consumer legal funding out of business? Simple.  In 2012, Ed Rust, CEO of State Farm Insurance, became Chairman […]

When Insurance Companies are Absent, Consumer Legal Funding is Helping Everyday Georgians During Trying Times

Over the past couple decades, insurance companies have increased their aggressive tactics of delaying their own customer’s settlements over injury claim payments.  This tactic is used as a tool for large insurance companies in the hopes a claimant will be forced to settle for far less than a fair market value for their injury claims.  […]

While Big Insurance Continues to Disregard Consumers in Alabama, Consumer Legal Funding Continues to Help Those Who Need a Little Boost.

For far too long, big insurance companies have been preying on financially desperate consumers in Alabama to help pad their billion dollar ledger sheets. By delaying the settlement process for automobile claims, big insurance increases their chances of settling with a consumer for pennies compared to the fair market value of an injury claim.  It […]

Our FREE MARKET way of life is in jeopardy, thanks to the Big Insurance Companies

The duty of government is to leave commerce to its own capital and credit as well as all other branches of business, protecting all in their legal pursuits, granting exclusive privileges to none. Andrew Jackson These are words that we should all live by and practice every day. This also includes the Big Insurance Industry […]

Enough is enough: Stop Leaving South Carolina Consumers in the Cold

The U.S. Chamber and Big Insurance: Leaving South Carolina Consumers in the Cold If it were up to big insurance companies and the U.S. Chamber of Commerce, consumer legal funding would just disappear in South Carolina.  When consumer legal funding began providing services in the Palmetto State, consumers had an alternative to big insurance companies’ […]

Consumer Legal Funding is Keeping Families Moving Forward in Louisiana

Whether it is Patricia from Bogalusa, Kenneth from Gretna, or Thomas from Denham Springs, one thing is for certain, these Louisianans have been affected by a terrible accident and have sought the help of a consumer legal funding company. Consumer legal funding helps thousands of people and families across Louisiana cope with debilitating injuries, caused […]

Is the US Chamber truly an honest player in the legislative process?

Cornell Study Highlights Flaws of Chamber’s Survey of State Liability Theodore Eisenberg, a Professor at Cornell Law School, in a 2009 study, questioned the validity of the U.S. Chamber of Commerce’s Survey of State Liability.  The study, which was entitled, U.S. Chamber of Commerce Liability Survey: Inaccurate, Unfair, and Bad for Business , hits hard […]

Insurance Industry: We’re #1 (but not in a good way…)

NAIC Stats show delay tactics by Insurance Industry still #1 complaint by Consumers. The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. When they released last month’s insurance complaint […]

For Cristy, Consumer Legal Funding Provided a Financial Lifeline and an opportunity to Stand Up to Big Insurance.

Big insurance wants you to believe consumer legal funding is some monstrous organization that doesn’t care about the consumer.   Of course these are only desperate words being used by big insurance to try and protect their decades old strategy of deliberately delaying injury claims in hopes of settling for a less than fair market value […]

Where Big Insurance Fails to help, Consumer Legal Funding Starts – a Story about Steven from Ohio

Most Americans grind away at work eight to ten hours a day, five days a week.  They spend as much time at work as they do awake at home.  The pressures of working and earning a paycheck increase as things like food, housing and transportation costs are all on the rise.  The fight to earn […]

Price Controls. Increased Regulations. Stifling Innovation. This isn’t your father’s U.S. Chamber of Commerce

According to the Merriam-Webster Dictionary, a free market is defined as “an economic market or system in which prices are based on competition among private businesses and not controlled by a government.”    Tom Donohue, President and CEO of the U.S. Chamber of Commerce “seems” to agree with this philosophy in a recent op-ed stating, […]

Brandy’s Road to Recovery: Helping an Injured Floridian Fight Back

Imagine driving home from work and suddenly your vehicle is struck by another vehicle, through no fault of your own.  The initial shock of the accident is traumatizing and confusing.  The medics have arrived and are examining you for injuries. Police officers are on the scene to help assist and assess the situation. Onlookers have […]

Tightening of Family Budgets makes Consumer Legal Funding an Important Lifeline for Americans

According to an Allstate Financials Life Tracks Poll, nearly half of all Americans live paycheck-to-paycheck.  They rely on those paychecks to cover their essential monthly bills, with minimal-to-no money left over for anything else.  At a time where every household dollar counts, the family budget in America has become very fragile. Moms and Dads who […]

Thanking those who have our backs

This Thanksgiving as we sit down to the dinner table and fight over who is getting the turkey leg or the last roll; let us not forget  the men and women in military who not able to be with their families this holiday. It is because of the sacrifice that they and their families make […]

The Show-Me State: Showing How Consumer Legal Funding is Helping Missourians Everyday

As the deep-pocked and powerful opponents of consumer legal funding “forum shop” from state-to-state attempting to silence the right of citizens to seek a fair and just settlement when they are injured, residents of Missouri have every reason to be on high alert. It’s time for residents and policy-makers in “The Show-Me State” to demand […]

One B-I-L-L-I-O-N Dollars ….

Even Dr. Evil Couldn’t Hatch a Plan this Sinister No, we’re not talking about the famous line from Dr. Evil in the Austin Powers movie series. Instead of a sinister plot hatched inside the lair of a movie villain, the billion dollars we’re talking about is even scarier to average, hard-working Americans. Recent reporters indicate […]

“Waste to Our Legal System”? Tell that to Sharon, a Former EMT and Firefighter from Lebanon, Tennessee.

In a recent Wall Street Journal article, Harold Kim, executive vice president at the U.S. Chamber of Commerce’s Institute for Legal Reform claimed, “The [consumer legal] funders add a lot of waste to our legal system.” Tell that to a former EMT and firefighter from Lebanon, Tennessee named Sharon. She suffered significant injuries in an […]

Why consumers need Consumer Legal Funding

Recent Study Shows More and More Americans Living Dollar to Dollar – Increasing the Value of Services Like Consumer Legal Funding.  When the recession rumbled onto the scene in 2007, most Americans couldn’t imagine the intense impact it would later have on their financial well-being.  The long and slow recovery hasn’t helped the financial stability […]

Helping Ted’s Family Keep their Health Insurance

Ted is like most Americans.  He works hard to provide for his family.  However, life sometimes throws a curve-ball and temporarily limits one’s ability to fully provide for their family.  In the case of Ted, an hourly worker from Illinois, an on-the-job shoulder injury limited his ability to work full time.  Through some workman compensation […]

A Solution in Search of a Problem

A Solution in Search of a Problem Zero. Zilch. Nada. Not one. Last month, at a statehouse hearing in Indianapolis, not a single instance could be cited of an Indiana resident who was harmed by relying upon consumer legal funding to meet their family’s challengers. Under direct questioning from legislators, not the witness for a […]

Funding lives, not lawsuits.

Meet Robyn – “Forever Grateful”  Funding lives, not lawsuits.  Consumer legal funding is about funding people and funding lives. Not lawsuits.  Consumer legal funding can often be the only financial lifeline that exists for a citizen awaiting resolution of a legal claim or settlement. That was certainly the case for Robyn, a woman from Indiana […]

Governor signs bill to regulate Consumer Legal Funding in Oklahoma

Alliance for Responsible Consumer Legal Funding would like to thank Oklahoma State Senator Brian Crain (R) and State Representative Leslie Osborn (R) on the passage of Senate Bill (SB) 1016 regarding Consumer Legal Funding. Consumer Legal Funding provides funds for individuals in financial distress while they wait for their legal claim to be resolved. SB […]